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☆ Kasa Living, which partners with KKR and TPG, wants to become the Amazon of hospitality. See the 33-page slideshow it used to raise $70 million
▼ + stars: | 2024-04-26 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Kasa Living has made a habit of raising funds at some of the hardest times for the hospitality and proptech industries. Kasa Living CEO and founder Roman Pedan points to the shares of Marriott and Hilton, which are up over the last five years, as an indication of what Kasa could be. Kasa Living is now working with some investment firms to help locate and buy buildings that Kasa Living will operate, a model known as OpCo/PropCo. Instead of having to hire someone to handle bookings and finances for each property, Kasa Living handles it all centrally, "removing that fixed cost." Some financial information has been redacted from the deck by Kasa Living.

Persons: Roman Pedan, Kasa, Pedan, Pendan Organizations: Marriott, Hilton, KKR, Sonder, TPG, Amazon Web, Citi Ventures, FirstMark, New York Life Ventures, Fireside Investments, RET, Zigg, Ribbit, EBay, Kasa Locations: Brookfield

Kari Lake, a top ally of Donald J. Trump who is running for a Senate seat in Arizona, called on her supporters on Sunday to arm themselves ahead of an “intense” period leading up to the election, urging them to “strap on a Glock,” referring to a brand of firearm. “The next six months is going to be intense,” Ms. Lake said during a rally in Lake Havasu City. “We’re going to strap on our seatbelt. We’re going to put on our helmet — or your Kari Lake ball cap. We’re not going to have our Second Amendment taken away.

Persons: Kari Lake, Donald J, Trump, Lake, “ We’re, Kari, gesturing, we’re, We’re, ”, Lake’s, Alex Nicoll Organizations: Glock Locations: Arizona, Lake Havasu City

☆ How one real-estate unicorn is getting past gutting layoffs and slowing deals
▼ + stars: | 2024-04-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Rising interest rates have slammed the brakes on deals, and many real-estate companies have cut staff as revenues slowed. Founded in 2020 by real-estate executives Ryan Stroker and William Martiner, Avenue One was profitable by early 2021, company officials told Business Insider. AdvertisementAvenue One cofounder and CEO Ryan Stroker told BI in an interview how the company is navigating the difficult business environment. "I was told that I wasn't spending enough money six months before the layoffs," Stroker said. Layoffs and Big SpendingBoth Stroker and Avenue One's followup statement said the company is financially secure and described the layoffs as prudent rather than necessary.

Persons: It's, Ryan Stroker, William Martiner, Wall, Stroker, Martiner, John Burns, Ryan, Axel Springer Organizations: Service, KKR, Global, Business, MetLife, Wall, Amherst, John Burns Real Estate Consulting, BI Locations: Manhattan, Axel

The "Big Four" accounting firms employ about 1.3 million people worldwide. Business Insider analyzed data to determine how much accountants and consultants are paid at these firms. AdvertisementThe so called "Big Four" accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. Business Insider analyzed the US Office of Foreign Labor Certification's 2023 disclosure data for permanent and temporary foreign workers to find out what PwC, KPMG, EY, and Deloitte paid US-based employees for jobs ranging from entry-level to executive roles. AdvertisementHere's how much Deloitte, PwC, KPMG, and EY paid their hires.

Persons: —, Ernst, Young, EY Organizations: Service, Deloitte, PricewaterhouseCoopers, KPMG, Business, of Foreign Labor, EY, PwC

☆ The NFL's annual meeting is happening now. Here are 6 firms that stand to win if the league opens its doors to new investors.
▼ + stars: | 2024-03-25 | by ( Tiara White | Alex Nicoll | ) www.businessinsider.com time to read: +4 min

This year's meeting is being closely watched by Wall Street because of a planned discussion about whether to start letting team owners sell stakes to private-equity firms and other institutional investors. So who stands to benefit if the NFL owners agree to a rule change? AdvertisementThe sports investing experts who spoke to BI pointed to private-equity firms with established histories in sports investing, like Dyal HomeCourt, Arctos Partners, and RedBird Capital. Lutsky also thinks a rule change could prompt more financial industry newcomers to try to break into the world of sports investing. See BI's list of private-equity firms that could benefit from an NFL rule change, according to 6 finance experts and industry insiders, from bankers to investment advisors:

Persons: —, Arun Muralidhar, Muralidhar, Tim Schlittner, Jonathan Lutsky, Lutsky Organizations: Service, NFL, Tennessee Titans, Forbes, Business, NBA, NHL, MLB, Mcube Investment Technologies, Drake Star Partners, BI, Arctos Partners, RedBird, Partners, Sports Locations: Orlando , Florida

☆ How real estate's pain could be Wall Street's gain as Blackstone, Goldman, and others dive back in.
▼ + stars: | 2024-03-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

That's not to say predictions of a commercial real estate rebound are a sure bet. Here are four signs that support Gray's prediction that the commercial real estate market may be bottoming. (New York Community Bank had previously purchased $2.7 billion in Signature's loans and deposits, but not the real estate loans.) According to David Seifert, partner at private equity real estate firm Velocis, there are some sweet deals to be had in secondary sales of private-equity funds tied to real estate. The road aheadWhere Gray sees signs of bottoming, others think commercial real estate has much further to fall.

Persons: Warren Buffett, Buffett, Paul Getty, Getty, Steve Mnuchin —, Blackstone, Mnuchin, Donald Trump's, George Soros, John Paulson, It's, Jonathan Gray, Jim Garman, That's, Barry Sternlicht, Gray, Tracy Chen, Chen, BGO, secondaries There's, Ares, Brian King, King, David Seifert, Seifert, Velocis, Goldman Sachs, Dan McNamara, McNamara, Scott Rechler, wallop, Janet Yellen, Rechler, there's Organizations: Business, Goldman, Reuters, Starwood, Brandywine Global, Federal Reserve, . Bank, New York Community Bank, FDIC, Signature Bank, Community Bank, Fund Management, Community Preservation, New, Commercial Observer, Blackstone, Homes, Digital Realty, Polpo, RXR Locations: Blackstone, , New York, New York, BREIT, Real, Velocis

☆ Tiny home sensation Boxabl welcomes investors in as its founders plan to cash out $10 million
▼ + stars: | 2024-02-28 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +5 min

As the company has sought a financial lifeline by inviting more investors in, its cofounders are cashing out. The Tiramanis together previously sold off about $10 million of their shares in a 2022 fundraising round and have awarded themselves annual salaries of close to a million dollars each. "Maybe they're afraid that if they don't sell shares now they will walk away with nothing." A spigot of cash running dryBoxabl is seeking to raise $64 million in the share offering, an additional $10 million for the Tirmanis, and $1 million for other insiders at the company. AdvertisementAmong the insiders in the company seeking to sell shares in the funding round are Darryl and Lucille Maslak, the parents of Shawna Maslak, Galiano's wife.

Persons: —, Paola Tiramani, Galiano, Chad Cohen, Erik Gordon, Cohen, Darryl, Lucille Maslak, Shawna, Gordon Organizations: Service, Business, Scala Advisors, University of Michigan's Ross School of Business, Securities and Exchange Commission, University of Michigan Locations: North Las Vegas , Nevada, Canada

☆ Boxabl customers tired of waiting for their tiny homes ask for their deposits back as a cash crunch looms
▼ + stars: | 2024-02-22 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +12 min

While most of those customers say they have received their money, some said their refund requests were disputed or ignored. Two-thirds, or 23, of those people said they had asked to be refunded, or were going to ask Boxabl for their money back. Boxabl said it recently received approval to sell its homes in Arizona and is close to receiving similar clearances in California and Nevada. Amid its own dwindling cash supply, Boxabl has recently appeared less willing to grant refunds to some depositors who want out. When he sent an email in January to Boxabl asking for a refund, the company declined his request.

Persons: —, Boxabl, Dan Pena, Pena, Chris Armbruster, Gary Palmer, Palmer, He's, Galiano Tiramani, Zach Punnett, Punnett, Tiramani, What's, Paolo, Boxabl Galiano, Paolo Tiramani, Peers, Helene, Ali Faraji, Faraji, wouldn't Organizations: Service, North Las, Business, Securities and Exchange Commission, SEC, Oklahoma City, Archdiocese, Regulators, Tesla Plaid Locations: North Las Vegas, California, Los Angeles, Joshua Tree, Fort Worth , Texas, Riverside , California, Guantanamo Bay, Arizona, Nevada, Oklahoma, California , Virginia , Nevada , Arizona , Utah, Hawaii, Canada, Atlanta, Aptos, Santa Cruz

☆ A lost 22-page transcript discovered at the National Archives reveals the secret history of how Abraham Lincoln pardoned Joe Biden's ancestor
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The shouting match turned physical, and eventually, Robinette injured Alexander with his pocketknife, according to the Post. After a senator from the recently formed state of West Virginia took up the case, Lincoln pardoned Biden's ancestor on September 1, 1864. The area, now in West Virginia, was full of Union supporters and became a key early battleground of the war. He went on to spend one month in the military prison at Fort Jefferson in the Dry Tortugas, near Key West, Florida, before Lincoln pardoned him.

Persons: —, Joe Biden's, Barack Obama, Abraham Lincoln, Biden, Lincoln, Biden's, Moses J, Robinette, John J, Alexander, David Gerleman, he'd, Jane Organizations: Service, Union Army, Washington Post, Post, Business, Army, Potomac, Department, George Mason University, National Archives, Union Locations: splintering, Lincoln, Florida, West Virginia, Maryland, Virginia, Washington ,, Grafton , Virginia, Allegany County , Maryland, Rappahannock, Fort, Key West , Florida

☆ An Alabama judge ruled that frozen embryos are people, and reproductive rights advocates are sounding the alarm
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

In its decision, which has already drawn criticism from reproductive rights advocates, the Alabama Supreme Court ruled that frozen embryos have the same rights as living children under Alabama's Wrongful Death of a Minor Act. AdvertisementSome experts on reproductive rights are already sounding the alarm over the new ruling. "This is a cause of great concern for anyone that cares about people's reproductive rights and abortion care." AdvertisementThe case reached the Alabama Supreme Court after a lower court dismissed the couples' claims, though they later appealed. Later this year, the Supreme Court is expected to rule on access to mifepristone, a drug that can terminate a pregnancy alongside misoprostol.

Persons: —, Alabama that's, they're, Tom Parker, Roe, Wade, Dana Sussman, Sussman, they'll, misoprostol Organizations: Service, Business, Pregnancy, Washington Post, The Center, Reproductive, Center for Reproductive Medicine, Mobile Infirmary Medical Center, Medical Association of Locations: Alabama

☆ Rashida Tlaib endorses campaign to vote against Joe Biden in the Michigan Democratic primary
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

A campaign to get Michigan Democrats to vote against incumbent President Joe Biden in the state's February 27 primary has just gained a new supporter, Rep. Rashida Tlaib. Now, she's joining a campaign led by her sister to turn that disappointment in the Biden administration into an "uncommitted" vote in the upcoming Michigan primary, Tlaib said in a video posted to the X account of the campaign Listen To Michigan on February 17. The campaign, Listen to Michigan, is an effort to earn Biden's backing for a cease-fire in Israel's war in Gaza by having Democrats vote "uncommitted" in the Michigan primary. Now, speaking from an early voting site in Michigan, she's telling her constituents to vote against the president directly. "If you want us to be louder then come here and vote uncommitted," Tlaib said.

Persons: Joe Biden, Rashida Tlaib, Tlaib, she's, Biden, hasn't, Layla Elabed, Hillary Clinton, Dean Phillips, Tlaib's Organizations: Michigan Democrats, Israel, Biden's, Biden White House, Michigan, Trump, Biden, AP, Minnesota Rep, UAW Locations: Michigan, Gaza, Dearborn, Detroit, Biden's Michigan, Eastern, Israel

☆ Private-equity salaries revealed: How much Blackstone, Apollo, KKR, and Bain Capital employees earn at all levels
▼ + stars: | 2024-02-07 | by ( Alex Nicoll | Emmalyse Brownstein | ) www.businessinsider.com time to read: +1 min

Bain Capital, Blackstone, and KKR are among the largest private-equity firms in the world. Here are the base salaries for analysts, associates, managing directors at 9 private-equity firms. Today, that phrase might be best applied to the dealmakers who run the $12 trillion world of private equity . Consider: In 2022, private-equity firms made up 40% of total M&A activity. This story is available exclusively to Business Insider subscribers.

Persons: Tom Wolfe, Blackstone Organizations: Bain Capital, Blackstone, KKR, Business

☆ Blackstone is gearing up for a real-estate buying spree. Here are the types of properties it's eyeing.
▼ + stars: | 2024-01-25 | by ( Kaja Whitehouse | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone sees a light at the end of the tunnel for the troubled commercial real estate market — and the private equity giant is not waiting for things to settle down before it starts picking winners. "While it will take time, we can see the pillars of a real estate recovery coming into place." Gray noted that the firm made three major real estate transactions in the past two months, including its $3.5 billion deal to take Canadian real estate firm Tricon Residential private. He said the company sees further buying opportunities in residential real estate, including single-family rentals and multi-family rentals. The Tricon transaction, he said, was focused on single-family homes for rent: "That space, because of the shortage of single-family homes, has been much stronger."

Persons: Blackstone, Jonathan Gray, Gray, we've Organizations: Business, Signature Bank, Savings, Loans, Invitation Homes

"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.

Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, —, Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut

☆ Here are the 25 startups that sponsor the most H-1B visas for immigrants looking for work
▼ + stars: | 2024-01-18 | by ( Melia Russell | Alex Nicoll | ) www.businessinsider.com time to read: +2 min

The H-1B visa has served as a prominent pathway for skilled foreign labor into the American job market. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. However, obtaining an H-1B visa remains challenging due to high demand. According to data from US Citizenship and Immigration Services, the 2024 H-1B visa lottery saw applications rise to a record-breaking 780,000. Using recent data from the US Office of Foreign Labor Certification, Business Insider put together this ranking of the top H-1B startup employers between October 1, 2022, and September 30, 2023.

Persons: USCIS, Jason Finkelman, Finkelman Organizations: Business, Citizenship, Immigration Services, White, Information, Regulatory Affairs, of Foreign Labor Locations: Hyderabad, Beijing

☆ Yieldstreet is raising cash to shore up two Nashville deals it owns with Adam Neumann's new a16z-backed startup
▼ + stars: | 2024-01-12 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Publicly launched in 2022 but built with assets from Neumann's own family office, Flow received the largest check Silicon Valley venture capital heavyweight A16z has ever written. Yieldstreet, a crowdfunding platform that has facilitated over $4 billion in alternative investments as of the end of 2023, has already pumped tens of millions of crowdfunded cash into the Nashville deals as the majority equity owner. These two properties are facing the same squeeze as many others in commercial real estate amid sky-high interest rates and inflationary pressures. The latest fundraising effort provides a rare look at how commercial real estate investors are dealing with the challenging environment. "Both partners are funding as the JV agreement calls for and as happens in every standard real estate JV deal."

Persons: Adam Neumann, he's, Flow, A16z, Neumann Organizations: Business, Publicly, Flow, Nashville, Facebook, Twitter, BI, JV Locations: WeWork, Nashville , Tennessee, Nashville

☆ Millennials and Gen Z are giving up on one of their core values and investing more like boomers
▼ + stars: | 2024-01-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +9 min

Preference for environmental, social, and governance — or ESG investing plummeted in 2023 among millennials and Gen Z. The survey examined the support for environmental, social, and governance (ESG) issues and investing across different age groups. Investments receive an ESG rating, and ESG investors pick assets that align with their views on these subjects. AdvertisementIn the survey, preference for ESG investing among millennials and Gen Z — aged between 18 and 41 — plummeted significantly compared to the year before. Tim Paradis and Alex Nicoll of Business Insider explained in December just how controversial the topic of ESG investing has become.

Persons: Z, Gen Zers, Tom Grill, Amit Seru, Seru, David F, Tim Paradis, Alex Nicoll, ESG, Paradis, Nicoll, Sara Eisen, Eisen Organizations: Service, Stanford University, Hoover Institution, Rock Center, Corporate, Investments, Stanford Graduate School of, Stanford Graduate School of Business, United, Investment, Republican, Business, Europa Press Locations: United States

☆ Prefab Homebuilder Veev Wanted to Fix the Housing Crisis. Here's What Went Wrong.
▼ + stars: | 2024-01-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Veev also promised they would be green and less expensive, thanks to its factory process. The Veev representative said "no employee was requested to do so as a policy." The Veev representative said "production lines were not idle," and design errors were inevitable because the company was still testing its product. "While the Series D money was committed, not all of it was received," the Veev representative said. "Veev and Lennar made a joint decision to stop building the Gramercy project," the Veev representative wrote.

Persons: Henry Ford, Veev, Lennar, Elon, Veev Veev, Amit Haller, Ami Avrahami, Dafna Akiva, Haller, Ari Rauch, Rauch, Bond, Calcalist, I've, Scott Long, thatit, Long, Veev's Organizations: Federal Reserve, Business, Katerra, Industry, American, BI, NSF, Fortune, Employees, Dow Chemical, Lennar, Gramercy, Hayward, Wall LLC Locations: Hayward , California, homebuilding, San Carlos , California, Tel Aviv, California

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Want a job at Amazon's surging ads business? Here's how much it paid sales and account employees in 2023.
▼ + stars: | 2023-12-08 | by ( Lauren Johnson | Alex Nicoll | ) www.businessinsider.com time to read: 1 min

Amazon has increased its hiring for advertising employees after freezing hiring last year. Amazon is hiring for jobs to support new products like TV ad formats. Recent government data shows what Amazon paid for advertising roles within the US. After freezing hiring last year, Amazon has ramped up hiring for Amazon Ads — Amazon's advertising division that made $12 billion in the third quarter and is one of Amazon's fastest growing areas. As of Dec. 8, Amazon Ads had more than 400 open roles across 12 teams on its career site, up from 29 open roles in January, according to its career website.

Organizations: Amazon, Amazon Ads, Business

☆ Inside the chaotic Thanksgiving-weekend collapse of homebuilder startup Veev that left employees shocked and worried about their jobs
▼ + stars: | 2023-11-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

But for workers of Lennar-backed homebuilder Veev, they were spent scrambling to determine if they would still have jobs come Monday. Speaking to the "Veev Family," he wrote: "Family will stay in touch and together forever, even if it is going to be only within our hearts." The company has about 250 employees, according to news site Calcalist. "We call it the Veev family," Haller said. On a very personal note, for me Amit Haller, Veev was my personal journey in the past 15 years, half of my professional career and about ⅓ of my entire life.

Persons: Amit Haller, Veev, Haller, doesn't, we're, homebuilder, Kleiner Perkins, Bond, Lennar, Linda Keala, Ami, Amit Organizations: Business, Dragonfly, Wall, Center, Real Estate, Technology Innovation, Employees, Dafna Locations: California, Tel Aviv, Hayward , California, Haller, Reali, @nicollsanddimes, .

☆ Yes, it's possible to get a 4.8% mortgage today — here's how
▼ + stars: | 2023-11-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

A top homebuilder executive shared advice for getting a lower mortgage rate right now. Taylor Morrison's Tawn Kelley suggested borrowing directly from a builder's mortgage arm. AdvertisementAdvertisementHigh mortgage rates have deterred many would-be homebuyers from purchasing a property over the last year. But here may be a glimmer of hope: People may have more luck securing a lower mortgage rate if they buy a new-construction home. Builder incentives include rate buydowns, mortgage rate locks, and forward commitments.

Persons: Taylor Morrison's Tawn Kelley, Kelley, —, Tawn Kelley, homebuilder Taylor Morrison, Insider's Alex Nicoll, Freddie Mac, Taylor Morrison, Organizations: Service, National Association of Realtors, Mortgage, Finance Locations: balk

☆ This 14-page deck helped a startup pitch its investors on selling the in-house AI tool it built to buy real estate
▼ + stars: | 2023-11-02 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Keyway has always been a software company — just not in the way it is now. The company developed software to help manage those $5 million deals at scale for hedge funds and large family offices. Keyway has raised $40 million in equity and $70 million in debt financing since its launch in 2020. The company plans to continue offering its high-touch investment service alongside the software, allowing clients to decide how automatic they want the experience. Recchia walked Insider through the pitch deck the company used to unveil the company's software to investors and potential clients.

Persons: Keyway, Matias Recchia, Camber, Recchia Organizations: Keyway

Rising interest rates have slammed the breaks on America's housing market, with home sales down 15.4% year-over-year in September, according to the National Association of Realtors. By controlling the financing, they can offer yesterday's mortgage rates, saving customers tens of thousands of dollars and moving inventory in the process. Tawn Kelley, president of financial services at homebuilder Taylor Morrison, told Insider that financing is an essential part of the home-selling puzzle. Then, there are forward commitments, another way to prepay interest rates that allows a homebuilder to pay down more of it. There are also float downs, which allow purchasers who lock in a mortgage price to reduce their interest rates if mortgage rates get smaller over the course of their mortgage lock.

Persons: Tawn Kelley, homebuilder Taylor Morrison, Kelley, Taylor Morrison, Devyn Bachman, John Burns, Taylor Morrison's, it's, they've, homebuyers, Kurt Carlton Organizations: National Association of Realtors, Census, Finance Locations: homebuying, homebuilding

☆ Landlords are doing whatever it takes to fill their office buildings. See 10 ways to score an amazing deal on an office right now.
▼ + stars: | 2023-10-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +7 min

If you're not shopping for a new office right now, you might be missing out. With vacancies rising, many office landlords are doing whatever it takes to get leases signed, including dropping rents. Risa Letowsky, the co-chair of Adler & Stachenfeld LLP leasing practice group, told Insider that flexibility is the difference between successful and struggling landlords right now. See below for a list of the 10 top perks that office landlords are offering. Flexible lease lengthsThe traditional office lease is eight to ten years.

Persons: Risa Letowsky, aren't, Letowsky, Mike Watts, Andrew Lustgarten, Michael T, Cohen, Franklin Wallach, Carlos Avila Gonzalez, they're, Lustgarten, Watts, Matt Petit, Michael Lirtzman, Lirtzman Organizations: Adler, Stachenfeld, it's, Colliers, San Francisco, Getty, Silverstein Locations: Los Angeles, New York City, San Francisco , California, LA, Chicago

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